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Investment Market Update

13 January 2017

World markets

FTSE 1000.0%7292.37

FTSE 250-0.5%18303.50

Euro Stoxx 600-0.7%362.51

S&P 500-0.2%2270.44

Nikkei0.8%19287.28

Hang Seng (HK$)0.4%22921.80

asia

Asian stocks extended their rally from a 10-week high as material and industrial stocks climbed. Japanese equities fell as strength in the yen weighed on exporters after a press conference by US President-elect Donald Trump disappointed investors seeking details on his policies.

us

US stocks declined as investors assessed President-elect Donald Trump’s comments on healthcare and imports during his first press conference since the election. Semiconductor shares retreated amid declines of 2.1% in Micron Technology Inc. and 3.9% for Advanced Micro Devices.

uk

UK stocks rose slightly further on Thursday, as the FTSE 100 closed at a record level for the 11th day in a row, a feat it has never managed before.

Headlines

There were more first-time home buyers in 2016 than at any time since the start of the financial crisis, according to research by Halifax bank. It also found the average price of a first home in the UK broke through the £200,000 barrier for the first time. Meanwhile, the average first-time deposit more than doubled compared with 2007 to stand at more than £32,000.

Germany's economy stepped up its pace of growth in 2016, thanks to higher household and government spending. Estimated figures from its Federal Statistical Office said gross domestic product was 1.9% higher last year than in 2015. The annual figure is based on an early estimated that growth was around 0.5% in the fourth quarter.

Market data

Price

1d

YTD

2016

UK (£)

FTSE 100

7,292.37

0.0%

2.1%

14.4%

FTSE 250

18,303.50

-0.5%

1.3%

3.7%

FTSE All Share

3,948.99

-0.1%

2.0%

12.5%

FTSE Small Cap

5,246.09

-0.4%

2.0%

11.0%

St. James's Place

1,059.00

-1.3%

4.4%

3.9%

Europe (€)

Euro Stoxx 600

362.51

-0.7%

0.3%

-1.2%

DAX 30

11,521.04

-1.1%

0.3%

7.0%

CAC 40

4,863.97

-0.5%

0.0%

4.9%

US (US$)

S&P 500

2,270.44

-0.2%

1.4%

9.5%

Dow Jones Ind

19,891.00

-0.3%

0.6%

13.4%

NASDAQ

5,547.49

-0.3%

3.1%

7.5%

Asia

Hang Seng

22,921.80

0.4%

4.2%

0.4%

Nikkei 225

19,287.28

0.8%

0.9%

1.8%

Australia 200

5,721.12

-0.8%

1.0%

7.0%

MSCI AC Asia Pacific

140.56

0.9%

4.1%

2.3%

World (US$)

MSCI World (Developed)

1,783.44

0.3%

1.8%

5.3%

MSCI AC World (Dev & Em)

430.55

0.4%

2.1%

5.6%

MSCI Emerging Markets

896.64

1.1%

4.0%

8.6%

MSCI AC World Value

197.26

0.4%

1.5%

9.5%

MSCI AC World Growth

221.42

0.4%

2.7%

1.8%

Fixed Income

FTSE Gilts All Stocks

3,493.26

0.5%

-0.9%

8.5%

FTSE Index Linked All Stocks

638.21

0.6%

0.2%

21.2%

ML Sterling Corporate Bonds

380.62

0.4%

-0.2%

10.7%

ML Global High Yield Bonds

346.37

0.3%

1.1%

15.0%

Commodities (US$)

Brent Crude Oil

56.01

1.7%

-1.4%

23.4%

Gold

1,200.28

1.0%

4.1%

8.6%

UK Sectors

Basic Materials

5,515.10

1.6%

9.2%

93.9%

Consumer Goods and Services

20,081.43

0.0%

2.0%

9.6%

Financials

4,845.70

-0.4%

1.4%

8.6%

Health Care

9,904.05

-1.2%

0.3%

5.8%

Industrials

3,948.99

-0.1%

2.0%

15.4%

Oil & Gas

8,667.13

0.4%

1.4%

54.2%

Technology

1,924.30

-2.1%

-3.9%

33.4%

Telecommunications

3,598.23

-0.3%

6.5%

-14.7%

Utilities

8,547.45

1.2%

-0.7%

2.5%

Currencies

$ per £

1.22

-0.2%

-1.5%

-16.3%

€ per £

1.14

-0.1%

-2.5%

-15.7%

¥ per £

139.51

0.4%

-3.5%

-22.7%

Indicators

VIX Index (Volatility)

11.54

2.5%

-17.8%

-22.9%

Baltic Dry Index

892.00

-0.2%

-7.2%

101.1%

UK Rates

BoE Base Rate

0.25%

LIBOR (3 months)

0.00%

Consumer Price Index

1.20%

Retail Price Index

2.20%

Yields / Ratios

FTSE 100 Adj P/E

27.91

FTSE All Share Adj P/E

24.99

FTSE All Share Yld

3.85%

15yr Gilt Yield

1.70%

10yr Gilt Yield

1.30%

10yr US Tres Yield

2.36%

Market prices will reflect the last closing prices with the exception of the Asian markets which may be still trading at the time the data is obtained. The data for these markets is therefore a snapshot of live trading data obtained between 06.45 and 07.15 GMT. Growth is shown cumulative and is not annualised. A positive currency movement indicates the £ appreciating against the other currency. Performance data does not account for the re-investment of dividends. This information has been reproduced by kind permission of Bloomberg and does not necessarily reflect the opinions of St. James's Place Wealth Management. St. James's Place considers the information to be reliable but it is not intended to provide a sufficient basis on which to make an investment decision.

Source: MSCI. MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, endorsed, reviewed or produced by MSCI. None of the MSCI data is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

The 'St. James's Place Partnership' and the titles 'Partner' and 'Partner Practice' are marketing terms used to describe St. James's Place representatives. Members of the St. James's Place Partnership represent St. James's Place Wealth Management plc, which is authorised and regulated by the Financial Conduct Authority. St. James's Place Wealth Management plc, St. James's Place UK plc, St. James's Place Unit Trust Group Ltd and St. James's Place International plc are members of the St. James's Place Wealth Management Group. St. James's Place UK plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. St. James's Place International plc is authorised and regulated by the Central Bank of Ireland. St. James's Place Wealth Management plc Registered Office: St. James's Place House, 1 Tetbury Road, Cirencester, Gloucestershire, GL7 1FP, United Kingdom. Registered in England Number 4113955.

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Important notice

Although the content of the article(s) archived were correct at the time of writing, the accuracy of the information should not be relied upon, as it may have been subject to subsequent tax, legislative or event changes.